Updated 1h ago · Business
Marvell Agrees to Buy Lumentum in $115 Billion Deal
Marvell Technology announced Monday it will buy Lumentum Holdings. The all-stock deal is valued at $115 billion.
- Lumentum makes lasers, circuit switches and other data center products.
- Marvell makes semiconductors for data infrastructure.
- $2 billion stake in Lumentum was announced by Nvidia earlier this year.
Why it matters: Marvell says the combined company would lead the market for AI connectivity. CEO Matt Murphy called optical connectivity a once-in-a-generation opportunity.
- The deal comes after a sharp pullback in AI stocks last week.
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6 sources · 8 articles · 83% Center coverage
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Bloomberg1hMarvell’s AI Megadeal Hands Wall Street Multiple M&A MilestonesFinancial Times1hMarvell to buy data centre component maker Lumentum in $115bn AI betAxios3hMarvell and Lumentum to merge in $115 billion blockbusterCNBC1hMarvell to buy Lumentum in all-stock deal, a massive bet on AI connectivityMarketWatch3hMarvell and Lumentum officially plan to combine. Here’s what to know.
Left coverage, 1 sources: The left frames the story as a record-scale AI infrastructure bet, noting that investors met it with doubt.
What’s next: Markets reacted with caution at first. Marvell shares fell more than 1% before the opening bell.
- Lumentum shares dropped almost 3% after the announcement.
- Will regulators review or challenge a tech deal of this size?
- When do the companies expect the acquisition to close?
- How will Nvidia's stake in Lumentum factor into the combined company?
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